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Side-by-side financial comparison of PAMT CORP (PAMT) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $100.0M, roughly 1.4× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -20.7%, a 13.7% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -15.1%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-25.0M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -12.0%).
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
PAMT vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $100.0M |
| Net Profit | $-29.3M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | -27.0% | -10.7% |
| Net Margin | -20.7% | -7.0% |
| Revenue YoY | -15.1% | 14.5% |
| Net Profit YoY | 7.4% | 76.0% |
| EPS (diluted) | $-1.38 | $-0.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $141.3M | $100.0M | ||
| Q3 25 | $150.3M | $161.9M | ||
| Q2 25 | $151.1M | $172.6M | ||
| Q1 25 | $155.3M | $111.4M | ||
| Q4 24 | $166.5M | $87.3M | ||
| Q3 24 | $182.6M | $150.5M | ||
| Q2 24 | $182.9M | $160.1M | ||
| Q1 24 | $182.6M | $110.6M |
| Q4 25 | $-29.3M | $-7.0M | ||
| Q3 25 | $-5.6M | $8.1M | ||
| Q2 25 | $-9.6M | $16.0M | ||
| Q1 25 | $-8.1M | $-6.0M | ||
| Q4 24 | $-31.6M | $-29.2M | ||
| Q3 24 | $2.4M | $5.9M | ||
| Q2 24 | $-2.9M | $13.3M | ||
| Q1 24 | $281.0K | $-7.9M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
| Q4 25 | -27.0% | -10.7% | ||
| Q3 25 | -3.8% | 13.3% | ||
| Q2 25 | -7.3% | 14.3% | ||
| Q1 25 | -5.9% | -4.4% | ||
| Q4 24 | -22.6% | -14.9% | ||
| Q3 24 | 1.3% | 8.9% | ||
| Q2 24 | -0.4% | 12.5% | ||
| Q1 24 | -0.4% | -1.9% |
| Q4 25 | -20.7% | -7.0% | ||
| Q3 25 | -3.7% | 5.0% | ||
| Q2 25 | -6.4% | 9.3% | ||
| Q1 25 | -5.2% | -5.4% | ||
| Q4 24 | -19.0% | -33.4% | ||
| Q3 24 | 1.3% | 3.9% | ||
| Q2 24 | -1.6% | 8.3% | ||
| Q1 24 | 0.2% | -7.1% |
| Q4 25 | $-1.38 | $-0.06 | ||
| Q3 25 | $-0.27 | $0.07 | ||
| Q2 25 | $-0.46 | $0.13 | ||
| Q1 25 | $-0.37 | $-0.05 | ||
| Q4 24 | $-1.44 | $-0.24 | ||
| Q3 24 | $0.11 | $0.05 | ||
| Q2 24 | $-0.13 | $0.11 | ||
| Q1 24 | $0.01 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $83.7M | — |
| Total DebtLower is stronger | $333.9M | $279.8M |
| Stockholders' EquityBook value | $210.5M | $405.9M |
| Total Assets | $697.9M | $823.2M |
| Debt / EquityLower = less leverage | 1.59× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $83.7M | — | ||
| Q3 25 | $115.6M | — | ||
| Q2 25 | $117.3M | — | ||
| Q1 25 | $102.7M | — | ||
| Q4 24 | $110.7M | — | ||
| Q3 24 | $92.3M | — | ||
| Q2 24 | $114.0M | — | ||
| Q1 24 | $125.8M | — |
| Q4 25 | $333.9M | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $325.6M | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $210.5M | $405.9M | ||
| Q3 25 | $239.5M | $408.4M | ||
| Q2 25 | $244.9M | $398.4M | ||
| Q1 25 | $269.6M | $381.1M | ||
| Q4 24 | $277.5M | $387.2M | ||
| Q3 24 | $308.9M | $416.6M | ||
| Q2 24 | $306.7M | $408.1M | ||
| Q1 24 | $314.6M | $391.8M |
| Q4 25 | $697.9M | $823.2M | ||
| Q3 25 | $715.2M | $844.4M | ||
| Q2 25 | $707.9M | $822.1M | ||
| Q1 25 | $712.6M | $824.6M | ||
| Q4 24 | $741.7M | $794.2M | ||
| Q3 24 | $756.7M | $853.4M | ||
| Q2 24 | $733.5M | $830.0M | ||
| Q1 24 | $746.4M | $808.6M |
| Q4 25 | 1.59× | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | 1.17× | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-5.8M | $23.3M |
| Free Cash FlowOCF − Capex | $-25.0M | $14.1M |
| FCF MarginFCF / Revenue | -17.7% | 14.1% |
| Capex IntensityCapex / Revenue | 13.6% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.4M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $23.3M | ||
| Q3 25 | $5.9M | $51.0M | ||
| Q2 25 | $12.2M | $36.0M | ||
| Q1 25 | $5.0M | $-46.9M | ||
| Q4 24 | $15.2M | $6.2M | ||
| Q3 24 | $15.5M | $37.2M | ||
| Q2 24 | $18.7M | $52.4M | ||
| Q1 24 | $9.6M | $-34.5M |
| Q4 25 | $-25.0M | $14.1M | ||
| Q3 25 | $2.5M | $45.2M | ||
| Q2 25 | $5.9M | $29.1M | ||
| Q1 25 | $-6.8M | $-50.3M | ||
| Q4 24 | $-39.9M | $-98.0K | ||
| Q3 24 | $-33.6M | $33.2M | ||
| Q2 24 | $4.1M | $47.9M | ||
| Q1 24 | $-12.2M | $-39.9M |
| Q4 25 | -17.7% | 14.1% | ||
| Q3 25 | 1.7% | 27.9% | ||
| Q2 25 | 3.9% | 16.8% | ||
| Q1 25 | -4.4% | -45.2% | ||
| Q4 24 | -24.0% | -0.1% | ||
| Q3 24 | -18.4% | 22.1% | ||
| Q2 24 | 2.2% | 29.9% | ||
| Q1 24 | -6.7% | -36.0% |
| Q4 25 | 13.6% | 9.2% | ||
| Q3 25 | 2.3% | 3.6% | ||
| Q2 25 | 4.2% | 4.0% | ||
| Q1 25 | 7.6% | 3.1% | ||
| Q4 24 | 33.1% | 7.2% | ||
| Q3 24 | 26.9% | 2.7% | ||
| Q2 24 | 8.0% | 2.8% | ||
| Q1 24 | 12.0% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.44× | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | 34.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
